New Orleans, LA Home Values & Market Trends
Real estate market trends reflect that there have been 3,953 transactions over the past year in New Orleans. The median value for residential home transactions that occurred over the previous year is $354,150. The number of current listings in New Orleans is 851, and the percentage of properties for sale in the city is 851.00%. New Orleans, LA currently has 241 properties in foreclosure, 62 bank owned properties, 179 properties headed for auction, and 851 properties for sale.
New Orleans, LA Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 70117 | $ 298,599 $ 191/sqft | 70126 | $ 170,650 $ 110/sqft |
| 70117 | $ 298,599 $ 191/sqft | 70126 | $ 170,650 $ 110/sqft |
| 70124 | $ 518,000 $ 248/sqft | 70112 | $ 313,820 $ 401/sqft |
| 70124 | $ 518,000 $ 248/sqft | 70112 | $ 313,820 $ 401/sqft |
| 70122 | $ 275,000 $ 153/sqft | 70127 | $ 180,000 $ 108/sqft |
| 70122 | $ 275,000 $ 153/sqft | 70121 | $ 315,000 $ 170/sqft |
| 70115 | $ 554,526 $ 290/sqft | 70127 | $ 180,000 $ 108/sqft |
| 70115 | $ 554,526 $ 290/sqft | 70121 | $ 315,000 $ 170/sqft |
| 70118 | $ 449,657 $ 240/sqft | 70129 | $ 279,000 $ 112/sqft |
| 70118 | $ 449,657 $ 240/sqft | 70129 | $ 279,000 $ 112/sqft |
| 70119 | $ 399,000 $ 211/sqft | 70113 | $ 483,325 $ 423/sqft |
| 70119 | $ 399,000 $ 211/sqft | 70113 | $ 483,325 $ 423/sqft |
| 70130 | $ 450,000 $ 357/sqft | 70128 | $ 169,000 $ 87/sqft |
| 70130 | $ 450,000 $ 357/sqft | 70128 | $ 169,000 $ 87/sqft |
| 70116 | $ 371,250 $ 340/sqft | 70163 | $ -- $ -- |
| 70116 | $ 371,250 $ 340/sqft | 70146 | $ -- $ -- |
| 70131 | $ 263,840 $ 124/sqft | 70141 | $ -- $ -- |
| 70131 | $ 263,840 $ 124/sqft | 70139 | $ -- $ -- |
| 70123 | $ 415,000 $ 189/sqft | 70170 | $ -- $ -- |
| 70123 | $ 415,000 $ 189/sqft | 70163 | $ -- $ -- |
| 70125 | $ 379,111 $ 198/sqft | 70146 | $ -- $ -- |
| 70125 | $ 379,111 $ 198/sqft | 70141 | $ -- $ -- |
| 70114 | $ 288,001 $ 149/sqft | 70139 | $ -- $ -- |
| 70114 | $ 288,001 $ 149/sqft | 70170 | $ -- $ -- |
Housing Market Summary for New Orleans, LA
| Feb 2024 | January 2025 | Change | |
|---|---|---|---|
| Median Listing Price | $349K | $360K | 3.15% |
| Median Sold Price | $283K | $286K | 1.04% |
| Homes For Sale | 591 | 791 | 33.84% |
| Homes Sold | 1,773 | 1,723 | -2.82% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in New Orleans, LA
Browse Homes in New Orleans, LA
New Orleans home values range from $21,242 to $7,077,700. The median estimated value of a home in New Orleans is $354,150. The median list price of a home is 372,000, and the total count of properties in the city is 3,025.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in New Orleans, LA with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 48 zips within New Orleans, LA; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in New Orleans, LA ranges from the highest value of $502,000 in 70115 to the lowest value of $53,716 in 70128. Bank owned homes and properties account for 2.05% of properties in New Orleans, LA. There are 48 zips within New Orleans, LA; 70117 containing 12 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions70122 has 22 auction properties, the highest number of properties going to auction in a single zip in the state of New Orleans, LA. Auction homes and other auction properties account for 5.92% of all properties in New Orleans, LA. There are 48 zips within New Orleans, LA; of those zips, the median estimated home value for homes going to auction ranges from $994,890 in 70130 to the lowest value of $70,900 in 70130.
Compare Nearby Cities
More Real Estate Resources for New Orleans, LA
Guide for New Orleans, LA
